Press releases 23/01/2025 OP Corporate Bank and EBA CLEARING issue joint press release The pan-European Verification of Payee solution is ready for roll-out OP Corporate Bank and EBA CLEARING have announced today the successful completion of the first Verification of Payee (VOP) calls using the newly launched FPAD (Fraud Pattern and Anomaly Detection) VOP solution. With these VOP calls, OP has spearheaded the roll-out of the pan-European… Read more 17/12/2024 Pan-European OCT Inst Service goes live in RT1 RT1 OCT Inst Service leverages existing building blocks to support RT1 Participants with a smooth onboarding RT1 Participants are eager to re-use the pan-European instant payment infrastructure for cross-border payments EBA CLEARING announced today the go-live of an OCT Inst Service, which was implemented in the pan-European RT1 System on 17 November 2024 at… Read more 10/12/2024 EBA CLEARING launches SEPA-wide VOP solution The pan-European verification of payee (VOP) solution helps PSPs meet Instant Payments Regulation and EPC scheme requirements Different options on the requesting and responding side offer maximum flexibility and enhanced fraud prevention features powered by network-based insights EBA CLEARING today announced the launch of its SEPA-wide VOP solution. The new solution supports payment service… Read more 17/09/2024 EBA CLEARING welcomes 50th active user of FPAD fraud-fighting functionality Steep uptake of FPAD usage by RT1 and STEP2 Participants since launch in March 2024 FPAD’s pan-European network view enriches PSPs’ fraud risk assessments and provides the stepping-stone to Verification of Payee EBA CLEARING announced today that its pan-European Fraud Pattern and Anomaly Detection (FPAD) functionality already counts 50 active users. FPAD has been available… Read more 01/07/2024 Pan-European Verification of Payee delivery on track EBA CLEARING publishes specifications to provide PSPs with Verification of Payee at a pan-European level Users can start their preparations for Instant Payments Regulation-compliant IBAN/name checks and also enhance them with other powerful fraud-fighting features EBA CLEARING announced today the publication of the user specifications for its Verification of Payee solution. The specifications are based… Read more 06/05/2024 Pan-European proof of concept showcases value of request to pay • Frontrunners successfully exchanged request to pay messages via EBA CLEARING’s R2P Service • The proof of concept also demonstrated the benefits request to pay brings to invoicing in the B2B space, as featured in a video capturing the PoC results EBA CLEARING announced today that, together with eight multinational payment service providers (PSPs), the… Read more 08/04/2024 Pan-European verification of payee ready by December EBA CLEARING community is taking instant payments to the next level EBA CLEARING announced today that it will provide its service users with Verification of Payee at a pan-European level as from December 2024. The roll-out of Verification of Payee is one element in the comprehensive preparation programme that the Company is engaging in with… Read more 26/03/2024 EBA CLEARING to launch OCT Service on RT1 New cross-border payment service to become available by November 2024 EBA CLEARING announced today the delivery of a One-Leg Out Instant Credit Transfer (OCT Inst) Service in the RT1 System for November 2024. This new cross-border service in RT1 will be developed in line with the OCT Inst Scheme of the European Payments Council (EPC)…. Read more 14/09/2023 EBA CLEARING issues specifications and runs analytical pilot for pan-European fraud pattern and anomaly detection Nine banks from six countries are engaged in the data model training for the new fraud-fighting functionality in STEP2 and RT1 EBA CLEARING announced today that it has issued the specifications for its pan-European Fraud Pattern and Anomaly Detection (FPAD) functionality. The pan-European payment infrastructure provider also delivered a developer portal, including a sandbox, to… Read more 19/06/2023 EBA CLEARING to kick off analytical pilot for pan-European fraud pattern and anomaly detection Delivery of fully-fledged fraud prevention and detection functionality for all STEP2 and RT1 users on track for November 2023 EBA CLEARING announced at its Shareholders Meeting in Madrid today that it will kick off the analytical pilot for the pan-European Fraud Pattern and Anomaly Detection (FPAD) functionality in July 2023. The Company reported that the… Read more 15/06/2023 Frontrunner banks to deliver request to pay proof of concept with EBA CLEARING’s R2P Service The PoC will showcase how PSPs can adopt R2P and create value around request to pay Seven multinational banks have joined forces for this deliverable and would welcome additional participants EBA CLEARING announced today that, together with seven multinational banks, the Company has kicked off preparations for a pan-European request to pay proof of concept… Read more 22/03/2023 EBA CLEARING to enrich RT1 and STEP2 with fraud prevention and detection capabilities • The comprehensive solution will add insights from a central system view to the fraud-fighting efforts of STEP2 and RT1 users • The new capabilities will include a pan-European IBAN/name check by November 2023 EBA CLEARING announced today that it will enrich its SEPA payment systems, RT1 and STEP2, with fraud prevention and detection capabilities… Read more 21/03/2023 Large-value payment system EURO1 successfully migrates to ISO 20022 • The move completes the EURO1 future positioning programme, readying the RTGS-equivalent system for the ISO 20022 era • EURO1 participants now benefit from this data-rich standard and extended opening hours, and can continue to leverage the liquidity efficiency EBA CLEARING announced today that its systemically important payment system EURO1 has successfully migrated to ISO… Read more 21/11/2022 Europe’s leading pan-European instant payment service RT1 turns five • RT1 is well-positioned to help PSPs meet instant payment requirements and adoption timelines proposed by the European Commission • The service is also ready to support its users in leveraging instant payments for innovative user solutions as envisaged in the Regulation proposal EBA CLEARING’s instant payment service RT1 has been in the forefront of… Read more 06/10/2022 Immediate Cross-Border Payments (IXB) Pilot Set to Revolutionise International Payments First participants are preparing to exchange cross-border instant payments as part of a live pilot with financial institutions in the United States and Europe. The pilot will leverage the real-time payment systems, RTP® and RT1, the IXB solution and key SWIFT components for transactions in the euro and U.S. dollar currency corridor. EBA CLEARING, The… Read more 12/07/2022 STEP2 community successfully completes migration to continuous gross settlement This move will help banks across Europe to shorten end-to-end processing timelines for SEPA payments from hours to minutes Today, the participants in EBA CLEARING’s pan-European euro mass payment system, STEP2, successfully concluded the migration to the new continuous gross settlement (CGS) mechanism. With this achievement, the STEP2 user community has completed the groundwork for… Read more 28/04/2022 EBA CLEARING, SWIFT and The Clearing House to deliver pilot service for immediate cross-border payments Taking the next step towards faster cross-border payments, banks from both sides of the Atlantic are preparing to exchange payments across TCH’s and EBA CLEARING’s real-time payment systems. EBA CLEARING, SWIFT and The Clearing House (TCH) announced today that they plan to launch a pilot service for immediate cross-border (IXB) payments with the support of… Read more 18/01/2022 STEP2 to process payments within minutes and around the clock From November 2022, EBA CLEARING’s pan-European mass payment system will be upgraded to process SEPA transactions around the clock, seven days a week, and to provide settlement results to participating banks in minutes. The planned upgrade will enable STEP2 participants to shorten end-to-end processing timelines for retail payments in euro from hours to minutes, for… Read more 13/12/2021 EBA CLEARING successfully completes migration of RT1 technical account to TIPS RT1 community and EBA CLEARING are first movers implementing Eurosystem measures for euro instant payments EBA CLEARING announced today the successful migration of the RT1 technical account from TARGET2 to TIPS. The live activation for the RT1 community – over 2,500 payment service providers in 25 countries – took place on 10 December 2021 as… Read more 11/10/2021 EBA CLEARING, SWIFT and The Clearing House join forces to speed up and enhance cross-border payments Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payment as part of a proof of concept demonstrating the feasibility of synchronizing settlement across existing instant payment systems in one of the world’s largest currency corridors. With the support of banks from both sides of the Atlantic, EBA… Read more 28/06/2021 EBA CLEARING announces winners of the R2P ideation contest Seven contestants pitched their ideas for end-user solutions leveraging EBA CLEARING’s request to pay messaging infrastructure EBA CLEARING hosted an online event today in which seven contestants from its R2P and RT1 user community, as well as their technical service providers, pitched their ideas for innovative request to pay end-user solutions. The contest was aimed… Read more 15/06/2021 EBA CLEARING and IBERPAY launch interoperable SEPA Request-to-Pay services EBA CLEARING and IBERPAY announced today that they have delivered two interoperable services to process messages and provide functionalities complying with the new SEPA Request-to-Pay Scheme (SRTP) created by the European Payments Council (EPC). The joint launch of these new infrastructure services took place today, on the day of the entry into force of the… Read more 23/04/2021 New RT1 specifications to help users benefit from future TIPS set-up Enhanced RT1 Instructing Party Functionality for TIPS will allow RT1 Participants all across Europe to manage their SCT Inst traffic and liquidity easily from a single access point EBA CLEARING announced today that it has issued user specifications for new functionality that will help its RT1 Participants manage instant payment flows across the RT1 and… Read more 09/02/2021 EBA CLEARING’s RT1 reaches critical mass of Belgian PSPs for instant payments The leading pan-European instant payment platform counts six participants in Belgium, which represent the vast majority of local payment accounts In total, RT1 has established critical mass for instant payments in 11 European countries RT1 currently processes over 1 million transactions per day EBA CLEARING announced today that its RT1 platform has reached critical mass… Read more 26/11/2020 EBA CLEARING’s RT1 expands instant payment reach in Luxembourg Two major PSPs from Luxembourg joined RT1 today With these additional connections, RT1 has established critical mass for instant payments in 10 European countries RT1 currently processes over 1 million transactions per day on weekdays EBA CLEARING announced today that its RT1 platform has considerably expanded its reach in Luxembourg. Five new joiners connected to… Read more 23/06/2020 Timely start of test phase for pan-European request to pay infrastructure service of EBA CLEARING The R2P system has been delivered and was presented to the funding institutions today The project is on track to start the testing and onboarding of early adopting users The service is ready for go-live in November 2020 in alignment with the launch of the EPC SEPA Request to Pay Scheme EBA CLEARING today announced… Read more 19/06/2020 EBA CLEARING’s RT1 reaches critical mass in France French banks ramp up SEPA-wide instant payment connectivity with the support of EBA CLEARING and STET France is the 9th country where RT1 establishes full or close-to-full pan-European reach for instant payments Average daily RT1 volumes approaching 700,000, with peak days close to 1 million EBA CLEARING announced today that its RT1 platform has made… Read more 16/12/2019 EBA CLEARING delivers specifications for a pan-European request to pay infrastructure solution The specifications have been created with the support of 27 financial institutions from 11 countries and will be made available to payment service providers and their suppliers for their joining preparations. The development work for EBA CLEARING’s R2P solution is on track for a scheduled go-live in November 2020. EBA CLEARING announced today the delivery… Read more